Artisan (UK) PLC
07 June 2007
News Release
7 June 2007
Artisan (UK) plc
Trading update
Artisan (UK) plc ('Artisan' or 'the Company'), the housebuilder and commercial
business park developer, is pleased to announce the following trading update in
respect of the fifteen months to 30 June 2007.
Whilst both the residential and commercial divisions have, at this stage, a
substantial element of profit still to result from transactions expected to be
contracted and completed prior to 30 June 2007, the Board believes that, taking
these into account, the profit before tax for the fifteen month period should be
comfortably ahead of market expectations. The period will show the benefit from
the revaluation of land at Colmworth Business Park in St Neots, a unit of which
Artisan recently announced would be retained as part of its strategy of keeping
selected properties from its development portfolio as investment properties.
The gradual increase in interest rates has not adversely affected performance in
the period, although the Board believes that the most recent rise has started to
have an effect on confidence in both the residential and commercial markets.
Artisan will issue a further trading update after the close of the accounting
period.
Artisan (UK) plc
Chris Musselle Chief Executive 01480 436666
email@artisan-plc.co.uk
Brewin Dolphin Securities Nominated advisers 0121 236 7000
Limited
Ifor Williams
Bankside Consultants Financial PR advisers 020 7367 8888
Simon Rothschild 07703 167065
Louise Mason
Company website: www.artisan-plc.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
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